McCarthy Barry C 4
4 · DELUXE CORP · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Deluxe (DLX) CEO Barry McCarthy Receives RSU Shares; Tax Withholding
What Happened
Barry C. McCarthy, President & CEO and a director of Deluxe Corporation (DLX), had 51,325 restricted stock units (RSUs) vest and convert one-for-one into common shares on Feb 19, 2026. To satisfy tax withholding obligations, 25,252 of those newly issued shares were withheld/disposed at an implied price of $27.32 per share, totaling approximately $689,885. The RSUs converted at $0.00 exercise price (i.e., no cash paid to acquire the shares).
Key Details
- Transaction date: 2026-02-19 (report filed 2026-02-20). Filing appears timely.
- Vesting/conversion: 51,325 RSUs → 51,325 common shares (code M reflects exercise/conversion of a derivative).
- Tax withholding: 25,252 shares withheld/disposed at $27.32 per share for approximately $689,885 (code F indicates shares withheld to pay taxes).
- Shares owned after the transaction: not specified in this Form 4.
- Footnotes: F1–F3 indicate these were RSUs that vest in up to three equal annual installments and convert one-for-one to shares on vesting; withholding was used to satisfy tax liabilities.
Context
This filing reflects routine executive compensation vesting (an award converting to shares) with shares withheld to cover taxes—not an open-market sale of vested shares for investment purposes. Such tax-withholding dispositions are common and do not necessarily signal the insider’s view on the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-19+51,325→ 483,776 total - Tax Payment
Common Stock
[F2]2026-02-19$27.32/sh−25,252$689,885→ 458,524 total - Exercise/Conversion
Restricted Stock Unit
[F3]2026-02-19−51,325→ 102,650 totalExercise: $0.00From: 2026-02-19Exp: 2028-02-19→ Common Stock (51,325 underlying)
Footnotes (3)
- [F1]Transaction reflects vesting and conversion into shares on a one-for-one basis of restricted stock units previously awarded.
- [F2]Transaction reflects withholding of shares to satisfy tax liabilities associated with vesting of restricted stock units.
- [F3]Restricted stock units granted under the Company's Stock Incentive Plan that vest in equal one-third increments on the first three anniversaries of date of grant. Upon vesting, each unit is converted into a share of common stock. Subject to certain exceptions, vesting is contingent upon continued employment.